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Cash burn key to future profit growth
Thursday 02 Mar 2017 Author: Steven Frazer

Wednesday 8 March

Cash burn at WANdisco (WAND:AIM) will come under investor scrutiny when full year results are announced on 8 March. The data replication technology designer lifted shareholder spirits in January when it reported $0.2m of cash consumed by the business in the fourth quarter of 2016, a massive improvement on the $6.9m chewed through for the same period in 2015. This hints at first ever positive cash generation through 2017, among management’s key objectives. Also interesting is momentum from the company’s channel partner network (including IBM, Oracle, Amazon Web Services), which scored several contract successes for the company in late 2016.

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